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principles? i was left with the impression that they would. illinois democratic senator dick durbin spoke today at the liberal center for american progress where he said this about the possibility of going off the cliff which fears of this show know is is really more of a curb than a cliff. >> some have called let's go over the cliff and watch what happens. we know if we're not careful, it will in fact stop economic growth and hurt everyone through every income category, particularly those most vulnerable. >> what he did not say is he must not go off the cliff. because the cliff is president obama's and the congressional democrats leverage over republicans. if we do go off the cliff or the curb on january 1st, a republican nightmare will occur. all income tax rates will go up and defense spending will be cut by 600 billion. other spending, some of it dear to republicans, will also be cut by another 600 billion. the fiscal cliff is much scarier to republicans than it is to democrats. so, the president and his allies must continue to make republicans believe they are willing to go off cliff
dick durbin was over at the senator for american progress yesterday and he made it very, very clear that when the word entitlement reform is used or the phrase, there's one thing it should not include. here's senator durbin. >> i think we should take social security off the table for the current fiscal cliff and deficit discussion but be very honest about what we're going to achieve in the near term. i think we should create the equivalent of a simpson bowles commission for social security and give them eight months to a year, a directive to come up with a plan to buy 75 years of solvency for social security. >> bill: social security is really a different issue isn't it? >> absolutely. it is. i would agree with senator durbin absolutely. i'll give you a reform in medicare i think democrats would support. and that is looking at prescription drugs. and making it more competitive. >> bill: amen. >> or really crackening down on the fraud that takes place through the medical devices which is not with individuals c
a high code of ethic. we asked senator dick durbin to review it. >> it's plain fraud and your whistle-blower has brought it to light. and these students sign up for courses that lead to nowhere. >> reporter: sara feels duped. >> $24,000 in the hole for a degree i can't use. >> reporter: the claims got a boost from a federal judge who reviewed the evidence for a job. the judge said it should be able to move forward in federal court. >> mark, thanks very much. >>> there is more ahead. the incredible rescue effort caught on tape. divers and a giant shark. tonight, you will hear from that dive team that helped unleash that shark. years ago, my doctor told me to take a centrum silver multivitamin every day. i told him, sure. can't hurt, right? then i heard this news about a multivitamin study looking at long-term health benefits for men over 50. the one they used in that study... centrum silver. that's what i take. my doctor! he knows his stuff. [ male announcer ] centrum. the most recommended. most preferred. most studied. centrum, always your most complete. everything about the oral-b po
's talk about senator dick durbin and president obama's pledged to richard trumka and randi weingarten about no cuts in spending. we don't think to talk about -- demonize them. our center dick durbin and president obama have made it clear they will accept no spending cuts. they made this clear to the union chief. -- our senator from illinois dick durbin. host: what should republicans do or not do? our last caller said republicans should be willing to go over the cliff, it necessary. caller: we should shut the government down, if they cannot agree to any spending cuts. we will be coming up to the debt limit again. they should shut the government down. we will see how the government runs without all these extra programs. senator coburn has identified all the duplication and waste in the government. it is ridiculous that they don't even talk about that. host: senator durban from illinois, let's look and his comments on abc yesterday. he is talking about what democrats would be willing to do to avoid the fiscal cliff. [video clip] >> social security does not add one penny to our debt, not
durbin, democratic senator from illinois. he is very close to the president. he is introduced him at every major political event since he came into public office from illinois. he will have a press conference today. he is going to make a speech that says medicare and medicaid should be looked at but not part of the fiscal cliff negotiations. so if that is the case you change that at all right now? >> let me say this. i know that we have people out posturing and again we have all kind of folks that just want to sweep this under the rug and let the problem get even bigger. the fact is the two most important people are the president and speaker boehner. both of them in the beginning of this have shown a degree of flexibility. what we need to do, people like myself offer concrete solutions to solve this problem. when they get in their meeting they need to have these at their disposal and we as a country again need to go ahead and deal with this issue now. i know that senator durbin actually has shown some strength for what it's worth, i don't know what he will do today in his press co
. >> brian: durbin said he would be interested in that. is the president going to keep it to 250,000? that is a negotiating point. if eric cantor said don't talk to me about raising rates that would be wrong. warren buffett says $500,000 should be the threshold. why is the president saying it's $250,000 or i am not signing it? >> kimberly: it's campaign promises. that is his political ideolog ideology. instead of what is best for the country. >> eric: put you on the spot -- >> kimberly: the math shows it won't make a difference. why is he doing it in any way? because he said he would. not good enough reason. obligation to the country. >> bob: he said he wouldn't allow tax cuts to go for people making that money. i think that between that and entitlement reform you will get a deal. >> eric: let me ask this question. i call grover norquist, what is going on here? he said read between the lin lines. only when democrats put up their end of the bargain they would negotiate. if they do, they can change the rate and close a loophole and they will violate a no norquist pledge. should the
to congratulate you for voting for simpson/bowles. you and people like dick durbin, i have tremendous respect for you to stick your neck out and say something a lot of politicians won't do. it isn't perfect, but it's where we have to go. thank you so much for coming on. senator tom coburn, who, again, my kids seem to love for some reason. thank you very much for coming on, and joe klein of "time" magazine. >>> up next, can president obama turn his voters into fighters? this will be fascinating. i found out how great the ground game was in florida. can he put this ground game to work to fight the fiscal cliff? the "hardball" story on that one is coming up right now, the place for politics. ts and hasbro trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. >>> "the new york times" has just listed "jack kennedy: elusive hero," my book, on the best-seller list. it's a big honor for the paperback edition. it's a great book of american heroism, the story of jack kennedy, who he w
senator dick durbin to review sobek's documents. >> it's just plain fraud, and your whistleblower brought it to light. and these students sucked in by the ad sign up for courses that lead to nowhere. >> reporter: sarah fisher feels duped. >> $24,000 in the hole for a job i can't use. >> reporter: sobek's claims got a boost by a federal judge. she recommends the case move forward in federal court. mark greenblat, abc news, new york. >> a lot of questions about that situation too. when you consider that their outstanding student loan debt in this country is $1 trillion, buyer beware is what you should go into. look at all the online programs and for-profit colleges with a a real skeptical eye about what you're getting, what it's worth when you graduate. a big deal to a lot of folks. >>> still to come, a deep, dangerous rescue. >> how some divers pulled off a tricky underwater operation 100 feet under the sea. it's all coming up on "world news now." >> announcer: "world news now" continues after this from our abc stations. continues after this from our abc stations. >>> welcome back, everyon
you for voting for simpson bowles. you and people like dick durbin, i have tremendous respect for you to stick your neck out and say something a lot of politicians won't do. it isn't perfect but it's where we have to go. thank you so much for coming on. senator tom coburn, who again my kids seem to love for some reason. thank you very much for coming on, and joe klein of "time" magazine. >>> up next, can president obama turn his voters into fighters? this will be fascinating. i found out how great the ground game was in florida. can he put this ground game to work to fight the fiscal cliff? the "hardball" story on that one is coming up right now, the place for politics. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. >>> the noshlts has just listed jack kennedy elusive hero moon the best-seller list. it's
. i think we're done. >> after durbin speoke yesterda, if you're going to get a blueprint, he doesn't want entitlements be part of it for next year. >> it's the 1,000-point solution. maybe that will change their mind. durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen made a lot of sense. mass murderer about you doesn't mean he didn't make sense. >> blankfein, kent, mayer, roberts of comcast. is there anything these guys can say to change their tune? to get people -- >> we're just past thanksgiving. let's give it a little time. things can change. we've seen lots of back and forth. everybody is establishing their negotiating position. there's still a negotiation to come in some way. i'll take the optimistic view. >> maybe that's where they are starting from. >> a reset button? >> we have yet to get in there and see whether in fact there can be the ability to knock heads around and really figure something out here from the executive, the chief executive, that being the president and the leaders of both
are testing them once again. >> you have a lot of destabilizing political news. you have senator durbin talking about hang-ups in the united states. you have the vote over in barcelona. there's a lot of self-inflicted political wounds the market is trying to price in. volatility will be a function of this political instability for at least a handful of weeks going into the first quarter of 2013. >> what was last week about? 400 points. great day on friday albeit shortened session, light volume. was that real? was it fake? what was your impression? >> a mismatch between fundame fundamenta fundamentals. you saw economic news out of the united states. corporate news wasn't bad. you saw news out of china which was improving. global growth story is okay. it's far from great. it's okay. you have europe in recession. germany continues to chug along at an okay level. on a mixed data environment when you get excesses of pricing, you get bouncebacks as well. >> given uncertainty over tax, would you be as inclined to be aggressive in what is a good month or preserve gains for the year? >> it depen
Search Results 0 to 12 of about 13 (some duplicates have been removed)

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